New Delhi – Deeptech startup Assessli said on Tuesday it had raised ₹44.37 crore in a seed-stage funding round from Foxhog Ventures.
The fund will be used to support the development of company’s Large Behavioural Models (LBMs), an artificial intelligence platform that integrates genomics, psychology and digital life data for personalised applications.
Assessli, founded in 2022 by Suraj Biswas, Sourabh Gupta and Aruna Dey, said its technology can achieve up to 99% accuracy in personalisation, compared with around 60% achieved by conventional AI systems.
The company plans to expand into the United States and United Kingdom, and target applications in education, healthcare, finance, human resources and robotics.
The company has filed patents in India and is training its models on more than 20 million proprietary data points. Assessli said its LBMs create highly accurate digital representations of individuals, which it describes as “digital twins.”
Assessli co-founder Suraj Biswas, said the investment would allow the company to scale its technology, hire additional staff and move toward commercialisation.
“Our vision is to create services designed for public use, disrupting AI from the inside out,” Biswas said.
Foxhog CEO Tarun Poddar, said Assessli’s technology represents a “blue ocean opportunity” in AI and could impact multiple industries globally. Foxhog Ventures focuses on early-stage startups in India and the United States.
